NECESSITY, FUNCTION, AND CONFORMITY: KRS
131.130(1) authorizes the department to promulgate administrative regulations
to administer and enforce Kentucky's tax laws. The Department of Revenue has
many policies and circulars, a number of which predate the enactment of KRS
Chapter 13A, that conflict with current tax laws. This administrative
regulation rescinds general administration policies and circulars.

Section 1. The following general
administration policies and circulars of the Department of Revenue are rescinded
and shall be null, void, and unenforceable:

(1) Revenue Circular 10C001 - Tax
Provisions of the Enterprise Zone Law. This circular is being rescinded because
it restates KRS 154.45-010(7), 154.45-010(9), and 306 KAR 1:010. Furthermore, this
policy is obsolete because Enterprise Zones are phasing out across the
Commonwealth and are replaced with the Kentucky Enterprise Initiative under the
provisions of KRS 154.20-200 to 154.20-216.

(2) Revenue Circular 10C030 - Kentucky Tax Registration Application. This circular is being rescinded because it is
obsolete in part because it references the General Business License Fee imposed
by KRS 154.12-219 that was repealed effective July 1, 2004. The circular also
restates statutory authority concerning who is required to apply for tax
registrations and certificates.

(3) Revenue Policy 10P010 - Due Dates for
Payment of Tax. This policy is being rescinded because it restates KRS
446.030(1).

(4) Revenue Policy 10P011 - Records
Retention Requirements. This policy is being rescinded because it is obsolete.

(5) Revenue Circular 40C003 - Taxation of
federal and certain nonfederal obligations and their income for Kentucky income and intangible property tax purposes. This circular is being rescinded because
the guidance provided was incorporated in 103 KAR 1:130 - Taxation of federal and
certain nonfederal obligations and their income for Kentucky income and
property tax purposes. (33
Ky.R. 1189; Am. 1789; eff. 2-2-07.)